Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day sale event could drive more than $21 billion in sales, according to Bank of America analysts. This is driven by Amazon's decision to extend the sale to 96 hours, double last year's duration, starting July 8.
Amazon is sunsetting its standalone Freevee app next month. The company has consolidated its content offerings under Prime Video, which introduced ads in January 2024.
Amazon plans to shut down its standalone Freevee app in August, according to an in-app notice to users. The free, ad-supported streaming service is directing viewers to continue watching Freevee content on Prime Video.
Amazon is formally integrating Leadership Principles into employee evaluations for the first time. The new system uses a three-tiered approach to assess employee adherence to the company's values.
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Amazon (NASDAQ: AMZN), via AWS, is developing a high-performance AI chip that could rival Nvidia's (NASDAQ: NVDA) top-tier offerings, signaling a potential turning point in the market's competitive landscape.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 2.84% over the past five trading sessions, bringing the e-commerce and cloud storage services giant's one-month gain to 6.68%.
Three-quarters of Amazon's global deliveries are now assisted in some way by robots, according to the company.
Jeff Bezos sold 3.3 million Amazon.com Inc. (NASDAQ: AMZN) shares according to a Form 4 filed with the SEC.
The millionth robot strengthens Amazon's position as the world's largest manufacturer and operator of mobile robotics, said the company's vice president of robotics. The company's new "DeepFleet" AI model is expected to cut the travel time of the robot fleet by 10%, enabling faster and more cost-effective package deliveries.
After the sale, the Amazon founder will own about 905 million Amazon shares. He sold stock worth almost $5 billion last year.
The company is also upgrading its entire fleet with a new generative AI model.